The Current State of the Financial Sector and the Regulatory Framework in Asian Economies—The Case of the People’s Republic of China
Luo Ping
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Luo Ping: Asian Development Bank Institute
No 310, ADBI Working Papers from Asian Development Bank Institute
Abstract:
Reform of financial regulation is a priority on the international agenda. At the call of the Group of Twenty Finance Ministers and Central Bank Governors (G-20), a number of new international standards have been issued, most notably Basel III. As a member of the G-20, the Financial Stability Board (FSB), and the Basel Committee on Banking Supervision, the People’s Republic of China (PRC) is now on a faster track in adopting international standards. However, the key issue for the PRC—as well as many other emerging markets—is to how to keep focused on the domestic policy agenda while adopting the new global standards.
Keywords: financial regulation; basel iii; prc financial sector (search for similar items in EconPapers)
JEL-codes: E44 E52 E58 G18 G28 (search for similar items in EconPapers)
Pages: 16 pages
Date: 2011-09-15
New Economics Papers: this item is included in nep-ban, nep-mac, nep-reg, nep-sea and nep-tra
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